FILE PHOTO: A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, Ontario, Canada, January 23, 2015. REUTERS/Mark Blinch/File Photo

TOKYO (Reuters) - The Canadian dollar hit a four-month high on Monday after a Canadian source said Canada and the United States have agreed on a framework deal for reworking the North American Free Trade Agreement. [nL2N1WG080]

The loonie CAD=D4 strengthened to C$1.2814 per U.S. dollar after the source confirmed the deal, reaching its highest level since late May.